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It stands for Financial Services Boardthat is responsible for oversight all issues related to investing and general financial questions, except banking activities.

FSB regulates Johannesburg stock exchange and it is independant.

Established inthey are continuously working on expanding their services, such as lately added FAIS in Financial Advisory and Intermediary Services that contributes in preventing money laundering. Their intention is to maintain a secure place for financial trading in the country.

FSB supervises financial market and has a department that deals with customers complaints and protect investors rights. Some might say that binary options trading legal South Africa is similar to gambling, however it is not true.

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Comments is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Volatility Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are made available in countries such as the South Africa, USA, or to persons under age 19.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 42-74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.